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S. Korean shares gain on OPEC deal

All News 11:28 September 29, 2016

SEOUL, Sept. 29 (Yonhap) -- South Korean shares traded higher late Thursday morning, boosted by energy-related stocks after a deal by OPEC to reduce oil output.

The benchmark Korea Composite Stock Price Index (KOSPI) rose 15.85 points, or 0.77 percent, to 2,068.91 as of 11:20 a.m.

Large caps traded mixed with market kingpin Samsung Electronics adding 2.11 percent, and global chipmaker SK hynix down 2.31 percent.

SK Innovation, the nation's No. 1 oil refiner, jumped 6.51 percent.

Top automaker Hyundai Motor remained flat, and its smaller affiliate Kia Motors traded 0.12 percent higher.

The local currency was trading at 1,096.05 won against the U.S. dollar, up 0.75 won from the previous session's close.
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